News

Scottish businesses are losing millions due to mismanagement of international VAT and Customs Duty rules, a tax expert has warned. Veronica Donnelly, head of VAT in Scotland with Azets says that whilst many businesses have knowledge of their obligations, the vast majority do not fully understand the

A new action plan, designed to boost business growth and innovation, has been unveiled for Edinburgh and South East Scotland. Developed collaboratively by Innovate UK, Edinburgh and South East Scotland City Region, and Scottish Enterprise, the plan aims to build a strong, resilient and investment-at

Glasgow-based construction firm City Building, a joint venture between Glasgow City Council and Wheatley Group, has reported a £16 million loss amid rising costs and unforeseen operational expenses. The figure in its latest annual accounts for the year ending March 31, 2023, follows

Scottish charities are being cautioned about the potential pitfalls of expanding revenue-raising activities, with a senior lawyer warning of unintended tax implications and regulatory breaches. Amid rising costs, including National Insurance contributions, tightening public sector funding and a down

A Washington, D.C., homeowner has taken an unconventional approach to selling his home by including photos of a Lego replica in the listing.

Nairn's Oatcakes has reported a pre-tax profit increase to £4.2 million for the year ending 18 May 2024, up from £3.5m the previous year.

EY is restructuring its UK legal arm, leading to redundancies and a scaling back of its legal sector ambitions. In a brief conference call, partners informed staff of the overhaul and redundancy consultation, affecting approximately 30 of the firm's 160 UK legal employees. Some roles will be relocat

Significant change to the Land Reform (Scotland) Bill is needed if the Scottish government’s policy objectives for land reform are to be met, according to Holyrood’s Net Zero, Energy & Transport Committee. Although the majority of committee members support the general principles of t

CHAP Group has reported a record annual turnover of £57.7 million for the 2023/24 financial year thanks to a robust performance of its Civils division and the opening of a regional office in Dundee. The results mark the fifth consecutive year of profit growth for the Westhill-based constructio

Scotland's labour market demonstrates continued strength, according to recent figures from November 2024 to January 2025. Despite economic challenges, the employment rate in Scotland rose to 74.1%, a 0.9% increase over the quarter, although it remains below the UK average of 75%. The unemployment ra

Howden Scotland, part of Howden, the global insurance intermediary group, has acquired the book of business of Edinburgh-based SKB Independent Insurance Brokers Limited. Founded by CEO Satvinder Breeze, SKB provides insurance services to businesses throughout Edinburgh, Scotland, and the UK.

The University of Dundee is facing a "real possibility" of insolvency after admitting to "misleading" financial information, Members of the Scottish Parliament (MSPs) have been told.

A new R&D development designed to support the growth of semiconductor packaging in Scotland has received a £9 million funding injection, helping to reshore a critical part of the UK’s £500m electrification supply chain and create new opportunities for manufacturers to access ne

The Bank of England has maintained the base interest rate at 4.5% as concerns grow over the impact of trade conflicts on economic growth. The Monetary Policy Committee (MPC) faced a difficult decision, balancing a slowing economy against persistent inflationary pressures. The vote was split, with ei

The Edinburgh Integration Joint Board (EIJB) is set to deliberate on a proposed £29 million savings programme for the 2025/26 financial year, aimed at balancing its £900 million budget.